Mattel (NASDAQ:MAT) Releases FY24 Earnings Guidance

Mattel (NASDAQ:MAT) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.35-$1.45 for the period, compared to the consensus estimate of $1.38. Mattel also updated its FY 2024 guidance to 1.350-1.450 EPS.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MAT. Roth Mkm reiterated a neutral rating and set a $21.00 target price on shares of Mattel in a research note on Wednesday. Morgan Stanley reiterated an equal weight rating and issued a $19.00 price target (down from $25.00) on shares of Mattel in a research report on Wednesday, January 17th. Bank of America increased their price target on shares of Mattel from $25.00 to $26.00 and gave the company a buy rating in a research report on Wednesday. JPMorgan Chase & Co. lowered shares of Mattel from an overweight rating to a neutral rating and decreased their target price for the stock from $24.00 to $19.00 in a research report on Monday, February 5th. Finally, StockNews.com upgraded shares of Mattel from a hold rating to a buy rating in a report on Monday, February 26th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $22.78.

Mattel Stock Down 3.7 %

MAT stock traded down $0.71 during trading hours on Thursday, hitting $18.47. The company’s stock had a trading volume of 4,165,038 shares, compared to its average volume of 3,034,085. The company has a quick ratio of 1.90, a current ratio of 2.33 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $6.35 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 1.25 and a beta of 0.95. Mattel has a 12 month low of $16.20 and a 12 month high of $22.64. The stock has a 50 day moving average price of $19.30 and a two-hundred day moving average price of $19.08.

Mattel (NASDAQ:MAT) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.07. The business had revenue of $809.50 million during the quarter, compared to the consensus estimate of $833.52 million. Mattel had a net margin of 5.38% and a return on equity of 24.25%. Mattel’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.24) EPS. On average, equities research analysts expect that Mattel will post 1.37 earnings per share for the current year.

Mattel Company Profile

Mattel, Inc, a toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through North America, International, and American Girl segments. It offers dolls and accessories, as well as books, content, gaming, and lifestyle products for children under the Barbie, American Girl, Disney Princess and Disney Frozen, Monster High, and Polly Pocket brands; die-cast vehicles, tracks, playsets, and accessories for kids, adults, and collectors under the Hot Wheels, Hot Wheels Monster Trucks, Hot Wheels Mario Kart, Matchbox, and Cars brand names; and infant, toddler, and preschool products comprising content, toys, live events, and other consumer products under the Fisher-Price, Little People and Imaginext, and Thomas & Friends, and Power wheels brands.